TP2000
Well-Known Member
Many "retired" folks get bored and want to remain active. I know a group of Knott's Associates that work for the joy of getting out of the house and interacting with folks (fellow employees and guests). In fact, they are happy with Minimum wage, because they can work more hours, as after a certain amount of income, their Social Security is taxable.
>>Income Taxes And Your Social Security Benefit
Some of you have to pay federal income taxes on your Social Security benefits. This usually happens only if you have other substantial income in addition to your benefits (such as wages, self-employment, interest, dividends and other taxable income that must be reported on your tax return).
You will pay tax on only 85 percent of your Social Security benefits, based on Internal Revenue Service (IRS) rules. If you:
- file a federal tax return as an "individual" and your combined income*is
- between $25,000 and $34,000, you may have to pay income tax on up to 50 percent of your benefits.
- more than $34,000, up to 85 percent of your benefits may be taxable.
- file a joint return, and you and your spouse have a combined income*that is
- between $32,000 and $44,000, you may have to pay income tax on up to 50 percent of your benefits.
- more than $44,000, up to 85 percent of your benefits may be taxable.<<
Request to withhold taxes
Submit a request to pay taxes on your Social Security benefit throughout the year instead of paying a big bill at tax time.www.ssa.gov
It all makes perfect sense. Especially in WDW, where many retired folks work part-time for fun.
But what we've seen here is the complete implosion of the "Living Wage!" argument for Disneyland CM's.
We've finally had it admitted to us that a Living Wage in OC is north of $45 per hour. For churro vendors and ride operators and busboys and cashiers.